by Joe Holbrook, CPA | Jul 3, 2025 | Tax
Introduction Almost no one is using retirement plans to their full potential to lower their tax. That’s a shame, because these plans are hands-down one of the most IRS-approved ways to cut your tax bill while actually keeping the money (eventually) for yourself. In...
by Joe Holbrook, CPA | Jul 2, 2025 | Tax
Introduction One of the fastest ways to trigger an unexpected tax bill? Taking what seems like a tax-free distribution—only to learn it exceeded your basis. Business owners often enjoy the benefit of taking tax-free distributions from their S corporations or...
by Joe Holbrook, CPA | Jul 1, 2025 | Tax
Introduction Ever wondered how you can get reimbursed by your business for home office use, mileage, or your cell phone — without paying taxes on it? That’s where Accountable Plans come in. According to the IRS, reimbursements under an accountable plan are not...
by Joe Holbrook, CPA | Jun 16, 2025 | Tax
When to Register Your Business You have an idea for a service or product that will change the world. Or at least, change the world by solving a narrow problem in your niche of expertise. This idea has potential to become a full business, but does that mean you need to...
